Based on 1 hedge funds · latest filing: 2000 Q2 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their RCH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻
Below peak — only 2% of 2.2Y high
2% of all-time peak
Only 1 funds hold RCH today versus a peak of 48 funds at 1999 Q2 — just 2% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉
Outflows — 98% fewer funds vs a year ago
fund count last 6Q
47 fewer hedge funds hold RCH compared to a year ago (-98% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴
Heavy selling pressure — only 0% buying
0 buying1 selling
Last quarter: 1 funds sold vs only 0 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️
Steady new buyers — ~0 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 0 → 0 → 1 → 0. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
💰
Price up while funds trimmed (-1% value, -95% shares)
Last quarter: total value of institutional RCH holdings rose -1% even though funds reduced share count by 95%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️
Steady discovery — ~0 new funds/quarter
15 → 0 → 0 → 1 → 0 new funds/Q
New funds entering each quarter: 0 → 0 → 1 → 0. Consistent flow of new institutional buyers without clear acceleration or slowdown.
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.